Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$190M |
| 2 |
Lowe's Companies
LOW
|
+$183M |
| 3 |
Target
TGT
|
+$175M |
| 4 |
American Electric Power
AEP
|
+$174M |
| 5 |
NextEra Energy
NEE
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.19B |
| 2 |
Coty
COTY
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Meta Platforms (Facebook)
META
|
+$229M |
| 5 |
Microsoft
MSFT
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.41% |
| 2 | Financials | 12.33% |
| 3 | Energy | 10.93% |
| 4 | Industrials | 10.41% |
| 5 | Technology | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3576
Minerals Technologies
MTX
$2.23B
| – | – |
-37,489
| Closed | -$2.78M |
|
3577
iShares National Muni Bond ETF
MUB
$45.6B
| – | – |
-22,518
| Closed | -$2.54M |
|
3578
Mitsubishi UFJ Financial
MUFG
$248B
| – | – |
-783,023
| Closed | -$3.95M |
|
3579
Nordic American Tanker
NAT
$1.47B
| – | – |
-1,308,376
| Closed | -$13.1M |
|
3580
Nabors Industries
NBR
$1.31B
| – | – |
-4,757
| Closed | -$2.89M |
|
3581
NACCO Industries
NC
$311M
| – | – |
-15,770
| Closed | -$245K |
|
3582
CALL
Norwegian Cruise Line
NCLH
$7.9B
| – | – |
-25,000
| Closed | -$943K |
|
3583
NewtekOne
NEWT
$358M
| – | – |
-34,866
| Closed | -$497K |
|
3584
CALL
Netflix
NFLX
$334B
| – | – |
-150,000
| Closed | -$1.48M |
|
3585
Vitamin Cottage Natural Grocers
NGVC
$646M
| – | – |
-16,860
| Closed | -$188K |
|
3586
Nike
NKE
$60.9B
| – | – |
-601,645
| Closed | -$30.9M |
|
3587
Annaly Capital Management
NLY
$17.5B
| – | – |
-120,950
| Closed | -$5.08M |
|
3588
CALL
NOV
NOV
$7.03B
| – | – |
-207,400
| Closed | -$7.62M |
|
3589
Insight Enterprises
NSIT
$4.27B
| – | – |
-70,891
| Closed | -$2.31M |
|
3590
NETSCOUT
NTCT
$2.75B
| – | – |
-35,831
| Closed | -$1.05M |
|
3591
Nutanix
NTNX
$18.1B
| – | – |
-200,229
| Closed | -$7.41M |
|
3592
Northern Trust
NTRS
$34.2B
| – | – |
-679,479
| Closed | -$46.2M |
|
3593
CALL
Novavax
NVAX
$1.46B
| – | – |
-2,500
| Closed | -$104K |
|
3594
NovoCure
NVCR
$1.95B
| – | – |
-63,527
| Closed | -$543K |
|
3595
Novartis
NVS
$300B
| – | – |
-319,309
| Closed | -$22.6M |
|
3596
NatWest
NWG
$74.5B
| – | – |
-167,078
| Closed | -$838K |
|
3597
OceanFirst Financial
OCFC
$1.84B
| – | – |
-20,100
| Closed | -$387K |
|
3598
Oceaneering
OII
$5.02B
| – | – |
-392,504
| Closed | -$10.8M |
|
3599
CALL
Olin
OLN
$2.01B
| – | – |
-100,000
| Closed | -$2.05M |
|
|
3600
PUT
Olin
OLN
$2.01B
| – | – |
-75,000
| Closed | -$1.54M |
|
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Israel Englander's Q4 2016 Portfolio in Review
As of Q4 2016, Israel Englander held 4,092 positions worth $47.8B, down 20% from $59.6B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.
Israel Englander withdrew a net $13B in Q4 2016, closing 801 positions and reducing 1,159 holdings. Its most notable exit was Procter & Gamble, an estimated $6.19B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Energy.
Against the trend, Israel Englander opened a new position in Target worth $175M.
- Israel Englander's largest Q4 2016 buy was Target: 2,422,329 shares worth $175M.
- Israel Englander added most to Bank of New York Mellon in Q4 2016, an estimated $190M increase.
- Israel Englander's biggest Q4 2016 reduction was Coty, cutting an estimated $1.11B.
- Israel Englander fully exited Procter & Gamble in Q4 2016, selling an estimated $6.19B.
- Israel Englander's ten largest holdings make up 6.4% of its $47.8B portfolio in Q4 2016.
- Israel Englander opened 858 new positions and closed 801 in Q4 2016.
- Israel Englander's portfolio value fell 20% quarter-over-quarter to $47.8B.
Based on Millennium Management's 13F filing for Q4 2016, filed 14 Feb 2017.